Kenya leaves rates at 8.75%

The Central Bank of Kenya's rate-setting committee voted on Thursday to hold the benchmark Central Bank Rate at 8.75%.

The central bank said that the country's underlying rate of inflation is under control, and that its reserve money was "close to target". Government borrowing remains below target.

On the exchange rate, the committee acknowledged the strengthening of the shilling and recent volatility caused by expectations of increased forex inflows. The weakening of the dollar against major

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